Hello traders! This is a Tag&Go setup short, a sell stop order, set and forget style is right on the red line at 119.446 The red circle is the stop and 1st and 2nd targets are in green below. Best, Jay
We are currently looking at EURJPY, with a possible short setup, looking for some rejection off of the resistance. If it breaks through there will be no trade. However, if we see rejection and confirmation, we will short this position to the support line. Risk/Reward - 5.02
Hello traders! This trade is in play, 1st of the week. There is a 40 pip target between lines C and D, although my current target is set at 80 pips from the C line because price is coming off a three point decline from line A. I will take full or partial off at the C line if price reaches the 1st target. This trade can also be taken with a sell stop order as...
Possible third touch of trendline then down to monthly support
This pair looks to possibly be setting up for a good short position. # Support broken and # Possibly tested as resistance # Fibonacci 61.8% retracement level could come into play # Price action will confirm To receive live updates in real time feel free to join Forex Bootcamp using the Telegram link below. Keen to learn to trade using pure price action? You can...
EURJPY está en tendencia bajista en el gráfico de 1 hora. La linea de tendencia, el fibonacci y una gran zona de demanda y oferta confirman una buena zona de venta. Solo hay que esperar confirmación de velas para entrar. Hay TP1 y TP2. Recuerden asegurar la operación después de los 20 pips en ganancia.
We are currently bearish on EJ, if a 2 hour candle can break below 124 and close then we will be entering short. Downside target: 122 ( long term 120) That being said if we remain above 124 then our next upside target would be 126 where we would be looking to reverse back down to the 122-124 area.
EUR/JPY: We are currently bearish on EJ, if a 2 hour candle can break below 124 and close then we will be entering short. Downside target: 122 ( long term 120) That being said if we remain above 124 then our next upside target would be 126 where we would be looking to reverse back down to the 122-124 area.
See screenshots below showing the price action on daily, weekly and monthly timeframe. I believe price will drop to the lower trendline and on the 4-hour timeframe, we have a clear break & retest, giving us the opportunity to jump in on the sell. Let's see how the markets open, we want to minimise our risk as much as possible so if we gap up, it will be an...
I know its ECB day but with the short EUR trade the RR is so fantastic today that it definitely makes sense to trade this one. Shorting EURJPY here @ 129.12 Stop at 129.52 Targeting 127 Let the games begin . I will be sitting with trigger ready and might pull it off early if we get a decent exit during the statement or the presser.
Hi traders, The price is closed above MA 50 (Purple), along with trendline and support. Therefore, it is a good opportunity to long this pairing. First TP : @122.35 Second TP: @123.75~124.00 (123.75 is recommended for safe profit) :) Thank you and feel free to exchange your ideas with me. :) **Trade with care**
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron